Tandem Investment Partners LLC Has $2.75 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

Tandem Investment Partners LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,125 shares of the company’s stock after purchasing an additional 575 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 2.4% of Tandem Investment Partners LLC’s portfolio, making the stock its 15th biggest holding. Tandem Investment Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,749,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $25,000. Uniplan Investment Counsel Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $26,000. Richardson Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $30,000. OLD Second National Bank of Aurora bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $31,000. Finally, Howe & Rusling Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after purchasing an additional 124 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $191.25 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $192.30. The business’s fifty day moving average is $187.22 and its 200-day moving average is $179.16. The firm has a market cap of $75.35 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

About Invesco S&P 500 Equal Weight ETF

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues).